Guest Analyst

I'm not going to predict the outcome of it. First of all, which tariffs will be enacted and how it will affect prices? We'll have to see. I think you're seeing a measured approach by the president. tariffs clearly is going to be a part of the policy agenda from the White House. All of that, he's said to us, will be in the executive branch and not the legislative branch.

So they'll have unilateral authority over it. But I think he's going to be wise in how he does that. I don't think you'll see across the board tariffs in whole countries or whole industries. I don't believe that's what will happen. I think he's going to deal with The unfairness that we see out in the world stage, China, for example, is a terrible trading partner. They abuse the system.

They steal our intellectual property. They're now.

Is that a thing? Preemptive blanket pardons? I mean, I haven't heard about this since, like, Monopoly with a get out of jail free card.

Trump has discussed with advisers whether to grant preemptive pardons. What does that say? That he wants to excuse them for things before anybody's even saying there's an investigation.

Source saying that some of the president's inner circle, well, they're telling him that it would be perfectly fine to pardon his family and other associates preemptively, even though they haven't been charged with any crimes. How much damage could be done to this country? Can he do to this country on his way out?

CNN projects that Donald Trump has been elected president.

We're still talking.

Yeah. Yeah. So we always I mean, war may be a bad word, but we always this is a real time full thing analyzing for clients, for communities, for a bank. We get a million questions, stuff like that. Look, I look at tariffs. They are an economic tool. That's it. They're an economic weapon, you know, depending how you use it and why you use it and stuff like that.

And, you know, people are is inflationary and noninflationary. I would put in perspective, if it's a little inflationary, but it's good for national security, so be it. I mean, get over it. National security trumps a little bit more inflation, but I think it really, the question is how they get used. Can they be used to bring people to the table? Yes. Is there some unfair trade? Yes.

Is there some state-owned subsidies? Yes. You know, is the president going to use that way in his team? Yeah, and we'll see.

Oh, thank you.

You know, his farewell address, President Eisenhower, spoke of the dangers of the military industrial complex. He warned us then about, and I quote, the potential... for the disastrous rise of misplaced power, end of quote. Six decades later, I'm equally concerned about the potential rise of a tech industrial complex that could pose real dangers for our country as well.

Well, you know, this is the exact framework of the deal I proposed back in May. Exact. And we got the world to endorse it. Secondly, it's America's support for Israel. that help them badly weaken Hamas and its backers, and create the conditions for this deal.

And thirdly, I knew this deal would have to be implemented by the next team, so I told my team to coordinate closely with the incoming team to make sure we're all speaking with the same voice, because that's what American presidents do.

This is the exact framework of the deal I proposed back in May.

Exactly.